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But the Chinese government has considerable leverage over Walmart, and can probably pressure them to back down. From the article: > "China is home to 434 Walma
by greenyoda 5y ago
But the Chinese government has considerable leverage over Walmart, and can probably pressure them to back down. From the article:
> "China is home to 434 Walmart and Sam’s Club stores, covering more than 69 million square feet, as of the end of January 2021, making the country Walmart’s second-largest international market by retail square footage"
- vanusa 5y agoWalmart doesn't have a choice -- they're only doing this because of recently passed legislation. Did you think they made this drastic move out of the goodness of their hearts? You can bet their lobbyists are already working overtime to have the legislation repealed or watered-down, though.